In today’s roundup of regional news headlines, a Korean asset manager buys nearly half of an office asset in midtown Manhattan, PGIM Real Estate exits an investment in Seoul, and a Warburg Pincus affiliate takes a stake in an operator… Read More>>
PGIM, Manulife Pay $663M for Blackstone’s 90% Stake in Aussie Logistics Portfolio
Riding high on a wave of Asia Pacific acquisitions, PGIM Real Estate splashed out again this week to take a large chunk of an Australian logistics portfolio from fellow US-based fund manager Blackstone.
Market sources confirmed to Mingtiandi on Thursday… Read More>>
PGIM Buys Central Tokyo Office Block From PAG for Circa $120M
PGIM Real Estate remains on a tear in Asia Pacific, announcing on Wednesday that it had added an office building in Tokyo’s Toyocho area to its list of big-ticket acquisitions in 2021.
The real estate fund manager, which closed on… Read More>>
Sun Hung Kai Buys Sites in GZ, New Territories for $2.2B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, one of Hong Kong’s biggest developers splashes out for land in the New Territories and Guangzhou, a CDL-backed REIT agrees to acquire a large retail portfolio in France, and PGIM completes its purchase… Read More>>
PGIM Real Estate Buys Office Building on Singapore’s Robinson Road for $107M
US-based PGIM Real Estate has picked up an office building on Singapore’s Robinson Road, an emerging hotspot for investors seeking value-add real estate opportunities in the city centre, according to government records.
Market sources confirmed that the real estate investment… Read More>>
Logos, NEX Mall Owner Forge S$948M in Singapore Green Loan Deals
Two separate deals announced on Tuesday highlight the rising popularity of green loans in Singapore’s property market as developers and asset owners leverage financing opportunities to create more efficient facilities.
Gold Ridge, the owner and developer of NEX shopping mall,… Read More>>
PGIM Heads for $1B Final Close on Fourth APAC Value-Add Fund
PGIM Real Estate is on the verge of closing on over $1 billion in equity for its latest Asia Pacific value-add fund, as the Prudential affiliate becomes the latest real estate private equity firm to outperform capital raising expectations during… Read More>>
PGIM Buys Greater Tokyo Multi-Family Apartment Portfolio for $120M
One of 2020’s hottest asset classes hasn’t missed a beat in the new year, with PGIM Real Estate announcing on Thursday that it had acquired a six-building multi-family residential portfolio across Tokyo and Yokohama for $120 million.
The property investment arm… Read More>>
Fitch Downgrades WeWork, Warns of Default and More Asia Real Estate Headlines
Over a year after its failed IPO, WeWork continues to make news with its financial struggles, as US credit rating giant Fitch warns that “default is a real possibility.”
Also in today’s real estate headlines, analysts have continued to point… Read More>>
PGIM Buys Industrial Building in Singapore’s Paya Lebar for S$75M
PGIM Real Estate has acquired a six-storey industrial building in Singapore’s Paya Lebar region for S$75 million ($55 million) the global real estate manager announced on 11 September, underlining the growing popularity of industrial assets with some of the world’s… Read More>>